from urbandictionary DOT com:
"LEET:
Derived from "elite", used to express satisfaction or excellence. Known to online circles (most popular amongst gamers) as an elevated status in something or someone. Also gave way to "leet-speak" which uses miss-matched characters, instead of letters, to form sentence structure. Leet-speak has no general form, and is left open to the translator's imagination when written.
"leet"
"l33t"
"1337"
"j00 n00b5 4|23 n0 m4tch 4 meh l33tn3$$!!1"
"0 \/\/ /\/ 3 |) \/\/ | *|* |-| 3 4 $ '/ !!!1!1" "